And now a gap up.... | stockbee

6/29/2012

And now a gap up....

At one point yesterday the market looked very vulnerable to more downside. The breadth was decisively negative and many stocks were having big down days. But then the picture changed in last hour with a big buy program.

The ability of the market to repeatedly bounce back from selling and to hold up well in light of constant negative news is a bullish sign.


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